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Cathie Lesjak

On Tuesday, Yahoo ousted embattled CEO Carol Bartz, potentially paving the way for media-savvy executive Ross Levinsohn to step in and lead the struggling Internet company. To date, some members of Yahoo's board are "very much impressed" with Levinsohn, according to one source.

Hewlett-Packard shares jumped nearly 2.76%, or $1.05, to $39.05 in premarket trading after the No. 1 PC maker announced Monday that its board of directors had authorized an additional $10 billion for share repurchases. HP expects to buy back at least $3 billion worth of shares in its fiscal fourth quarter.